King Power is seeking new investors after 16 years, with Leicester’s stadium, training ground and Belgian sister club included in the sale

Leicester City and owner King Power have formally entered the market for new investors, with the Thai-owned group seeking more than £200 million for the club after 16 years of ownership, according to a sales brochure being circulated to prospective buyers.

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The eight-page document, titled “Project Lineup”, was produced by US investment bank Citigroup and includes Leicester’s men’s and women’s teams, the 32,000-capacity King Power Stadium and the Seagrave training facility among the assets being marketed.

Leicester’s Belgian sister club, OH Leuven, is also included in the proposed transaction.

The development marks a significant moment for a club whose fortunes have changed dramatically since King Power acquired Leicester from Milan Mandaric for £35 million in 2010.

Citigroup describes the opportunity as “a rare opportunity to acquire a club with an excellent track record of winning promotions to higher divisions”, while the sales material places the value of Leicester’s physical assets at more than £200 million.

The brochure points prospective investors towards the club’s remarkable history, including the extraordinary 2016 Premier League title triumph and the FA Cup success five years later.

Yet the sales pitch comes against a very different sporting backdrop.

Leicester are now preparing for life in League One after successive relegations from the Premier League and Championship. The club will begin the new campaign in England’s third tier under manager Russell Martin.

The sales document does not highlight that current League One position, nor does it detail Leicester’s recent losses and debt burden.

The club’s 2025 accounts showed £103.6 million in bank loans, while reported losses exceeded £180 million during a turbulent period in which Leicester suffered two Premier League relegations within three years between 2023 and 2025.

The brochure does, however, project turnover of more than £97 million for the 2026 financial year.

It also places emphasis on Leicester’s academy and scouting infrastructure, presenting the club as possessing a strong pathway for developing young talent.

That pathway has already produced valuable assets. Academy graduate Jeremy Monga recently joined Manchester City for a reported £10 million, providing another illustration of the potential value of Leicester’s youth system.

A dramatic change from the King Power era

King Power’s ownership has been intertwined with one of the most extraordinary stories in modern English football.

The group completed its £35 million takeover in 2010, beginning an era that eventually culminated in Leicester’s historic Premier League championship six years later.

The club’s success continued with its 2021 FA Cup triumph, further establishing Leicester as an unusually successful challenger to England’s traditional elite.

Khun Aiyawatt “Top” Srivaddhanaprabha is now chairman, having succeeded his father, Khun Vichai Srivaddhanaprabha, who died in a helicopter crash outside the King Power Stadium in October 2018.

The Srivaddhanaprabha family’s ownership has therefore covered both the most celebrated period in Leicester’s history and its subsequent, painful decline.

Reports that the club could be sold first emerged in July. The circulation of the Citigroup brochure now provides a clearer indication that the process has moved beyond speculation and into an active search for prospective buyers.

Leicester City declined to comment on the sales brochure when approached by BBC Sport.

Supporters face another uncertain chapter

The proposed Leicester City sale comes at a sensitive time for supporters who have watched the club move from Premier League champions to the third tier in less than a decade.

The scale of that decline has fuelled growing frustration around the club, particularly after the successive relegations and the financial pressures that accompanied them.

For prospective investors, however, the club is being presented as an opportunity to rebuild rather than simply a distressed sporting asset.

Citigroup’s material notes that Leicester are one of only five English clubs to have won the Premier League, FA Cup and League Cup since 2000.

The club also retains substantial physical infrastructure, a recognisable global identity and a history that includes one of football’s most improbable title victories.

The challenge for any new owner will be translating those strengths into a credible recovery plan while navigating the financial obligations and sporting consequences of Leicester’s recent fall.

For King Power, the decision represents the end of a remarkable 16-year chapter.

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For Leicester supporters, it could become the beginning of another one, although the direction of that next chapter will depend heavily on who steps forward to buy the club and what ambitions they bring with them.